The Swedish National Debt Office, Riksgaldskontoret, has contracted with mobile Internet consultancy AU-Systems for the development of a new system to increase the automation of and access to information about payments made by governmental institutions.
The deal, which is estimated to be initially worth Skr11 million, includes systems development and the improvement of the payment methods and routines used.
From 2001 all banks that have framework agreements with Riksgaldskontoret can handle governmental payments in a competition-neutral way. This means that the selected banks will report all information on payments directly to Riksgaldskontoret. Among other things the information is used as a basis for forecasting on the lending needs of the government and the balance of the national budget, as well as for government accounting.
AU-System will co-operate with financial consultancy firm N&G Financial Management to ensure effective cash management and improve the analysis of governmental cash flows.